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Global Economic Prospects Report by World Bank

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The published its June 2021 Global Economic Prospects. It predicts that India’s GDP will grow by 8.3 percent in 2021-22. The Indian economy is expected to grow at a rate of 7.5 percent in 2022-23 and 6.5 percent in 2023-24.

Highlights:

The global economy is expected to grow at a rate of 5.6 percent, the fastest rate of post-Recession Growth in eighty years.

However, global output will still be 2% lower than pre-pandemic projections by the end of the year.
Indias recovery has been hampered by the largest outbreak in any country since the pandemic began

The forecast for FY22 (8.3 percent) accounts for expected economic damage from a

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massive second Covid-19 wave and localised mobility restrictions beginning in March 2021.

Growth is expected to slow to 7.5 percent in 2022-23 as a result of the pandemic’s effects on the financial position of households, businesses, and banks.

Global Liveability Index 2021 Auckland Tops the List

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New Zealand and Australian cities dominated the Global Liveability Index 2021 published by using the Economist Intelligence Unit (EIU). Auckland has been ranked the first-class on liveability rankings due to the capability of New Zealand city

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to comprise Covid-19 faster. Japanese cities of Osaka and Tokyo grabbed 2nd and fourth area and Adelaide, Australia spot 3rd area on EIUs Global Liveability Index 2021. dwelling prerequisites remained worst in the Syrian capital Damascus.

The BRICS Foreign Ministers recently issued a joint statement on multilateralism. The idea is to form a consensus among the BRICS countries. The process of organising relations between groups of three or more states is known as multilateralism.

Six Principles laid out by BRICS:

To make global Governance more inclusive, representative and participatory.
It should be based on inclusive negotiation and cooperation.
It should make multilateral organizations more action-oriented and solution-oriented.
It should employ creative solutions, such as digital and technological tools..
The capacity of individual countries and international organizations should be strengthened.
Promote people-oriented international cooperation as the core.

Most lives lost to lightning in 2021: IMD chief

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There has been a marked increase inlightningand thunderstorms in the year 2021 and they have become deadlier too.

Sharing the details of casualties arising out of extremeweatherevents in 2021, director general of India Meteorological Department (IMD), Mrutyunjay Mohapatra, said out of 1,750

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deaths occurring due to different extreme weather events, lightning accounted for 45% casualties corresponding to 787, far above than the casualties caused by cyclonic storms (172), which is otherwise considered more dreadful.

Deaths due to flood, heavy rain and landslide accounted for 43% (759) casualties. Lightning events causing deaths have mostly been reported from the eastern part of the

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country Bihar, Jharkhand, Odisha, West Bengal and Madhya Pradesh.

Indian coast guard launches auxiliary barge Urja Prabha

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TheIndian coast guard’s auxiliary bargeUrja Prabhawas launched byViraj Sharma, wife of deputy director general of the coast guardDR Sharma.

Urja Prabha is 36.96 metre long with a

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draft of 1.85 metre. It will enhance the INDIAN COAST GUARD operations by extending support to Indian Coast Guard ships deployed in the sea at far-flung areas.

The barge was launched atShoft Shipyard, Bharuch inGujarat.

Janaushadhi Kendras to offer big discounts and nutraceuticals products to customers

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Aimed at providing accessible, standardised and affordable generic medicines, the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) Kendras, which currently offer a product basket of 1,451 drugs and 240 surgical instruments, have added nutraceuticals products, including protein powder and bar, malt-based food supplements and immunity bar for its customers.

Currently there are about 8,675 PMBJP Kendras that have been opened in districts across the country with three IT enabled warehouses functional at Gurugram, Chennai and Guwahati and fourth one

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is ready to start operations at Surat.

The government has also set a target to increase the number of PMBJKs to 10,500 by the end of March 2025 along with a total of six warehouses.

Under the PMBJP being implemented by the Department of Pharmaceuticals, a medicine is priced on the principle of maximum of 50% of Average price of the top three brands of the said medicine. Thus, the prices of Jan Aushadhi Medicines are cheaper at least by 50% and in some cases, by 80% to 90% of the of the branded medicines.

Agri scientist advocates inclusion of millet in PDS

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Making a strong pitch for inclusion of in the daily diet of the Population for their nutritional value and other Health benefits, All India Pearl Millet Research Project has opined that the Central and State governments should make millets a

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component in the Public Distribution System (PDS), while incentivising farmers to grow nutri-Cereals at the same time.

The millet acreage of 13 million hectares in the country, pearl millet is grown in 7.41 million hectares. The productivity of the crop has gone up from 1200 kg per hectare to 1,370 kg per hectare since 2016. The Minimum Support Price (MSP) for the crop has gone up from 1,300 per quintal to 2,250 per quintal. However, the farmers are being offered much less than this by private buyers.

The Power of the Dog’ wins best picture at BAFTAs

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Sci-fi epic Dune won five prizes and brooding Western The Power of the Dog was named best film as the British Academy Film Awards returned Sunday with a live, black-tie ceremony after a pandemic-curtailed event in 2021.

New Zealand filmmaker Jane Campion was named best director for The

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Power of the Dog, becoming only the third woman to win the prize in the awards 75-year HISTORY.

Katalin Novak: Hungary’s First-Ever Female President

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The Hungarian parliament has elected Katalin Novak, a detailed ally of Prime Minister Viktor Orban, as the EU member’s first-ever female president.

Highlights

The Hungarian parliament has elected Katalin Novak, a detailed ally of Prime

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Minister Viktor Orban, as the EU member’s first-ever female president.

Novak, who last served as a minister for family policy, portrayed her election as a victory for Women.

India climbs up six slots and now placed at 61st rank as per Network Readiness Index 2022

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India has improved its position by six slots and is now placed at 61strank as per the Network Readiness Index 2022 (NRI 2022) report released recently. In its latest version of 2022, the NRI Report maps

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the network-based readiness landscape of 131 economies based on their performances in four different pillars: Technology, People, Governance, and Impact covering a total of 58 variables. The report has been prepared by the Portulans Institute, an independent non-profit, nonpartisan research and educational institute based in Washington DC.

India has not only improved its ranking, but also improved its score from 49.74 in 2021 to 51.19 in 2022. It is noteworthy that India leads in several indicators. The

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report states that India secured 1strank in AI talent concentration, 2ndrank in Mobile broadband Internet traffic within the country and International Internet bandwidth, 3rdrank in Annual in Telecommunication Services and Domestic market size, 4thrank in ICT Services exports, 5thrank in FTTH/Building Internet subscriptions and AI scientific publications.

NRI-2022 report states that India has a greater network readiness than would be expected given its income level. India is ranked 3rdout of 36 in the group of lower-middle-income countries after Ukraine (50) and Indonesia (59). India has a score higher than the income group Average in all pillars and sub-pillars.

PM inaugurates Kashi Tamil Sangamam in Varanasi, Uttar Pradesh

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The Prime Minister, Shri Narendra Modi inaugurated Kashi Sangamam – a month-long programme being organised in Varanasi, Uttar Pradesh.The objective of the programme is to celebrate, reaffirm and rediscover the age-old links between Tamil Nadu and Kashi two of the countrys most important and ancient seats of Learning. More than 2500 delegates from Tamil Nadu will be visiting Kashi. During the programme, the Prime Minister also released a book Tirukkural along with its translation into 13 languages. He also witnessed a cultural programme followed by aarti.

Throwing Light on the connection between Kashi and Tamil Nadu, the Prime Minister said that on one hand, Kashi is the cultural capital of India whereas Tamil Nadu and Tamil culture is the centre of India’s antiquity and pride. Drawing an analogy to the confluence of the Ganga and Yamuna rivers, the Prime Minister

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said the Kashi-Tamil Sangam is equally holy which engulfs endless opportunities and strength in itself. The Prime Minister congratulated the Ministry of Education and the Government of Uttar Pradesh for this momentous gathering and thanked central universities like IIT, Madras and BHU for extending their support to the programme. The Prime Minister especially thanked the students and scholars of Kashi and Tamil Nadu.

The Prime Minister underlined that Kashi and Tamil Nadu are timeless centres of our culture and civilisation. He informed that both Sanskrit and Tamil are one of the most ancient languages that existed. The Prime Minister exclaimed, In Kashi, we have Baba Vishwanath, while in Tamil Nadu we have the blessings of Lord Rameshwaram. Both Kashi and Tamil Nadu are immersed in Shiva. Be it music, literature or art, the Prime Minister remarked that Kashi and Tamil Nadu have always been a source of art.